Beyond Supplier Risk Management: How Procurement Can Take a Leadership Role in Enterprise Risk Management (Part 3) — Integrating Supply Risk Management into Day-to-Day Procurement

In our previous installments of this Spend Matters PRO supply risk series, we discussed an exhaustive list of strategies for using supply risk as a way to align procurement and the enterprise to safely extract more value from spend/supply. In this installment, we are going to dive more deeply into aligning supply risk within the source-to-pay (S2P) processes themselves.

Too often, supply risk management is weakly addressed within S2P, and by using some of the alignment techniques discussed in Part 2 of the series, procurement can align supply risk systematically into its own methodology and processes.